Best and Cheapest Car Insurance in Florida
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Best and Cheapest Car Insurance in Florida

By Michael O'Connor | September 21, 2021

The price of car insurance heavily depends on the person who is getting it. Many different factors go into how much car insurance costs and what type of coverage someone should get. For example, someone with one kind of vehicle or driving record will probably pay a very different rate than someone with a different vehicle and a different history.

One of the most important aspects of automobile insurance price is the state you live in. In Florida, car insurance tends to be more expensive due to the number of seniors and a high rate of car accidents. However, that doesn't mean you can't find high-quality insurance for a reasonable price in the Sunshine State. By knowing which companies offer the best and cheapest insurance for different drivers, you can make the best choice for you and your car.

Florida Auto Insurance Requirements

According to Florida law, you must have Personal Injury Protection and Property Damage Liability insurance, or PDL, to register a vehicle and drive in the state. Even if a car isn't operable or in use, it must have the state minimum of at least $10,000 of liability coverage in both of these categories. In addition, if you are going to cancel the insurance for a vehicle, you must surrender the license plate and tag.

Florida is a no-fault state. That means that the Personal Injury Protection insurance, or PIP, will cover 80 percent of the cost of medical bills that you receive no matter who is at fault. That's why all drivers must meet the minimum coverage requirements to drive a vehicle in the state.

Cheapest Car Insurance in Florida

Knowing that Florida requires these different types of insurance products as a minimum can help you pick the cheapest coverage options for you and your vehicle while still complying with insurance laws. Many factors go into car insurance costs, but it is possible to choose based on the average prices. That's a good way to narrow down your search and get quotes for your particular situation and driving record.

Cheapest Minimum Car Insurance Coverage: Geico
Minimum coverage is the least amount of protection you can have for you and your vehicle. That will cover the $10,000 in Personal Injury Protection as well as Property Damage Liability. It will keep you in compliance with all of Florida's laws regarding insurance on a vehicle, but it will not offer any extra coverage.

For the absolute minimum coverage in Florida, the cheapest company is Geico. Geico is one of the least expensive car insurance companies in the United States, and they offer some of the best rates available for all categories of drivers. For example, minimum coverage for a 40-year-old with a clean driving record is, on average, $923 per year. That compares to the average cost in Florida, which is $2,361 per year.

Cheapest Full Coverage Insurance: State Farm
Full coverage insurance is the most comprehensive coverage you can get for you and your car. Not only does full auto insurance coverage pay for damage to the other party's car after an accident, but it also includes collision coverage for damage to yours. So it could be a good option if you want to make sure your vehicle is protected.

Often, full coverage insurance will include Bodily Injury Liability or BIL. It will cover medical expenses, lost wages, or funeral costs of the other party should you be at fault for an accident. The cheapest full coverage insurance in Florida is State Farm, with an average annual price of $1,739.

Best Car Insurance in Florida

The best car insurance will be the one that works best for you and your particular situation. The insurer that works best for you will depend on your driving habits, driving history, and what is important to you in an insurance company. By understanding which companies are the best in specific categories, you can choose the one that suits your needs.

Best Overall Insurance Company in Florida: Geico
Geico comes out on top over all the others when it comes to the best possible service and coverage types. They are ranked third in Florida in customer service, but they are also cheaper than the other two in the category. That makes them a sound overall choice for many drivers.

Best Insurance Company for Teen Drivers: State Farm
New drivers and younger people will consistently pay more for car insurance than older, more experienced drivers. If you are a young driver in the state of Florida, State Farm will be one of the best options for you. They offer full coverage to 20-year-old drivers for $3,265 per year.

As a new driver, full coverage is highly recommended since it will protect you from more liability. State Farm is also one of the most financially stable and well-established insurance companies in the country.

Best Customer Service: USAA
One of the most important things to look for in an insurance company is its reputation for customer service. Should you need to deal with them to make a claim, you will want to ensure that they will be easy to deal with and helpful. USAA has consistently ranked highest in customer satisfaction, and they have a reputation for delivering the best possible experience to their customers.

Best For Drivers with One At-Fault Accident: State Farm
If you have been involved in an accident that you were at fault for, it can be challenging to find good car insurance. In these cases, you will most likely want to find a company with affordable rates for someone with your driving record.

State Farm offers the most affordable insurance for people with a recent accident. With an average cost of $2,363 per year, they have lower rates for at-fault accident drivers than most other major companies.

Best For Drivers with a DUI: Geico
A driving under the influence conviction can result in much higher insurance rates and make it difficult to find a quality company.

However, Geico offers reasonable rates for drivers with a DUI and is one of the higher-ranking companies for customer satisfaction. With a yearly rate of $2,568 for drivers with a DUI in Florida, many people choose to go with them.

Factors That Determine Florida Car Insurance Rates

Age: Your age will have a lot to do with how much you pay for your auto insurance in Florida. Younger drivers are considered a liability for insurance companies and will almost always pay higher annual rates. The same goes for much older drivers and seniors.

Type of Vehicle:
The type of vehicle you drive will determine your insurance rate almost as much as your age. People who drive safer cars are less likely to be injured in an accident, putting the insurance company at a lower risk.

On the other hand, if you drive a sports car or something expensive, you can count on paying a higher rate to insure that vehicle. However, classic car owners can often find discounts through specialty insurance companies such as Hagerty.

Driving Record:
Perhaps the most significant factor in what you will pay for insurance is your driving record. People with no tickets, accidents, lost driving privileges, or DUIs will almost always pay less for insurance. Keeping your driving record clean can result in noticeable savings on insurance no matter your age or what kind of car you drive.

City

Where you live can affect your insurance rates as well. For example, people who live in bigger cities like Miami can expect to pay more for auto insurance than those in more rural areas. That's partly because traffic congestion and a wider variety of drivers increase the company's liability risk.

How to Get Cheaper Car Insurance Quotes

No Accidents

The best way to ensure affordable car insurance rates is to keep your driving record clean. Whether they are your fault or not, accidents will almost always result in higher auto insurance rates. Safe drivers can save anywhere from 10 to 30% on their insurance bills. In addition, many companies will offer rewards and discounts for consistently safe drivers.

Defensive Driving Courses

Some insurance companies will offer discounts to people who take defensive driving courses. So if you would like to save money on your car insurance, getting a defensive driving certification could be a good idea. On top of that, you could also learn skills that can help you avoid accidents and keep your driving record clean.

Bundle Insurance

Bundling insurance can save you money on coverage for everything you own. By combining your homeowners and auto insurance, you can get discounts on both of them. Many companies offer package deals on these services. However, you should make sure that the auto portion of these bundles will cover everything you need to stay compliant in the state of Florida.

Monitored Driving

Some companies will offer discounts for monitored driving on certain motor vehicles. It's one of the ways insurance providers gather data on driving habits and mileage. The company will send you a device that attaches to your car and logs your miles and particular driving routines, which they then use to set rates in different areas of the country.

For Florida drivers, there are a lot of different options when it comes to car insurance. Taking everything into consideration and shopping carefully for insurance that works for you can help you get the cheapest insurance available to you and your driving history. By understanding how rates are set and what determines your particular car insurance cost, you can get the best possible price for your coverage. At the same time, you can protect yourself and the other drivers on the road with insurance that covers everyone.